Shares of Easterly Government Properties Inc (NYSE:DEA) have been given an average recommendation of “Hold” by the six ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $21.00.
DEA has been the subject of a number of research analyst reports. Citigroup reduced their target price on Easterly Government Properties from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, March 29th. Zacks Investment Research lowered Easterly Government Properties from a “buy” rating to a “sell” rating in a report on Monday, May 13th.
In related news, Chairman Darrell W. Crate sold 8,125 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $18.10, for a total transaction of $147,062.50. Following the completion of the sale, the chairman now directly owns 64,154 shares in the company, valued at $1,161,187.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Alison M. Bernard sold 20,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $18.03, for a total value of $360,600.00. Following the sale, the chief accounting officer now owns 20,501 shares of the company’s stock, valued at $369,633.03. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,250 shares of company stock valued at $971,749. 12.10% of the stock is owned by corporate insiders.
Shares of DEA traded up $0.11 during trading hours on Friday, hitting $18.65. 3,055 shares of the company were exchanged, compared to its average volume of 431,806. The firm has a market cap of $1.28 billion, a PE ratio of 15.96, a P/E/G ratio of 6.58 and a beta of 0.77. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.72. Easterly Government Properties has a one year low of $15.16 and a one year high of $20.59.
Easterly Government Properties (NYSE:DEA) last released its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.32). The company had revenue of $50.60 million for the quarter, compared to the consensus estimate of $49.73 million. Easterly Government Properties had a return on equity of 0.35% and a net margin of 2.15%. The business’s revenue was up 40.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.31 earnings per share. On average, equities research analysts anticipate that Easterly Government Properties will post 1.19 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Monday, June 10th will be issued a dividend of $0.26 per share. The ex-dividend date is Friday, June 7th. This represents a $1.04 annualized dividend and a dividend yield of 5.58%. Easterly Government Properties’s dividend payout ratio is 88.89%.
About Easterly Government Properties
Easterly Government Properties, Inc (NYSE:DEA) is based in Washington, DC, and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly's experienced management team brings specialized insight into the strategy and needs of mission-critical U.S.
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